Monday, May 21, 2012

US president for "jobs & growth" in Eurozone

While leaders and people 'in the Eurozone is debating on the pros and cons of austerity, USA's president Barack Obama reportedly argued at the G8 Summit that the Eurozone must focus on jobs and growth.The view 'has been construed as an endorsement for France''s new stance. Germany and Britain 'are seen to be on the opposite side of the view. Also, 'NATO is said to be concerned with the impacts of the Eurozone crisis that could further diminish resources available for defence and security within the geographical scope of the US-led' military alliance.